Elon Musk on taking Tesla private: 'That ship has sailed'
Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn't likely. "Unfortunately that ship had sailed," Musk said flatly, in response to a question from Morgan Stanley analyst Adam Jonas. The question came up as an increasing number of investors, known as shorts, bet that Tesla's stock will decline.